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Reflections On 2017: Peter Cowen, Sutton Capital Partners

socalTECH

What was the biggest personal lesson you learned from 2017? Techand the markets overall--has enjoyed a surprisingly long stretch of prosperity. Are there any technology innovations, gadgets, devices, software that particularly caught your eye in 2017? To start the day earlier and value routine in the morning.

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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

The concept is similar to Toyota’s e-Palette vehicle, which can theoretically be customized to serve as a retail shop, restaurant or shuttle for people. Canoo started as Evelozcity in 2017 by two former Faraday Future executives Stefan Krause and Ulrich Kranz. ”

Startup 310
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How MakeSpace Recently Closed $30 million in New Funding

Both Sides of the Table

I pointed out that the storage market in the US alone is ~$30 billion / year and there is no dominant provider — the largest player has < 10% market share. So how did a company that provides storage grow so fast (we’ll exit 2017 with 10’s of millions in recurring revenue), why is it so defensible and is it really a tech startup?

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Abodu raises $20M to build prefabricated backyard homes

TechCrunch LA

housing market persists. The California legislature changed laws in 2017 to make it easier to build Accessory Dwelling Units (ADUs). Abodu has been active in the market, selling and building its ADUs since the fall of 2019. Next, Abodu is eyeing the San Diego market.

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6 Keys to Marketing Customer Experience vs Products

Startup Professionals Musings

Not so long ago, every business assumed that the keys to success were the highest quality product, the best value for the buck, and the best customer service. Now all we hear about is providing the best “customer experience.” You have to hear your customer’s dreams, goals, passions, and aspirations.

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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

There is nothing more pure than building a product, putting it out in the world and seeing paying customers using your product and in some cases loving it. As companies get this initial customer feedback on their product they start to have to ask harder questions about unit economics: How much does it cost us to acquire a new customer?

Startup 286
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India’s Haptik acqui-hires Los Angeles startup Convrg in international expansion push

TechCrunch LA

Now the five-year-old firm, with newly found significant capital in the bank , is attempting to replicate its success in international markets. On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in North America. 60% of all software is bought in the U.S.,